Children At Heart Foundation
- Assets
- $128.6m
- Revenue
- $8.5m
- Investments
- $105.1m
- Employees
- 0
- Location
- Round Rock, TX
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 74-3007363
Organization Overview
Children At Heart Foundation is located in Round Rock, TX. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children At Heart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Children At Heart Foundation generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Children At Heart Foundation has awarded 52 individual grants totaling $62,907,981. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE ENDOWED FUNDS AND DISTRIBUTE OPERATIONAL GRANTS TO ENSURE LONG-TERM FINANCIAL STABILITY FOR A FAMILY OF NONPROFIT MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN AT HEART FOUNDATION (CAHF) ENSURES THE LONG-TERM FINANCIAL STABILITY OF A FAMILY OF NONPROFIT MINISTRIES, INCLUDING: CHILDREN AT HEART MINISTRIES, TEXAS BAPTIST CHILDREN'S HOME, MIRACLE FARM, AND GRACEWOOD. THESE MINISTRIES ARE DEDICATED TO TRANSFORMING THE LIVES OF VULNERABLE CHILDREN AND FAMILIES BY PROVIDING THEM WITH THE SUPPORT AND STRUCTURE THEY NEED TO FIND HOPE, HEAL, AND PUT THEIR LIVES BACK ON TRACK. CAHF SERVES THE MINISTRIES BY MANAGING ENDOWED FUNDS AND DISTRIBUTING GRANTS FOR OPERATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Williams Chairman & Trustee | OfficerTrustee | 1 | $0 |
Hector DE Leon Vice Chairman & Trustee | OfficerTrustee | 1 | $0 |
Calvin Lee Secretary & Trustee | OfficerTrustee | 1 | $0 |
Linda Bebee Trustee | Trustee | 1 | $0 |
Charles Boyd Trustee(served All Of 2023 But Left In March 2024) | Trustee | 1 | $0 |
Buddy Ferguson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,658,947 |
| Noncash contributions included in lines 1a–1f | $486,782 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,947 |
| Total Program Service Revenue | $0 |
| Investment income | $5,745,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,834 |
| Net Gain/Loss on Asset Sales | $98,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,510,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,066,462 |
| Grants and other assistance to domestic individuals. | $190,098 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,894 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,741 |
| All other expenses | $20,673 |
| Total functional expenses | $8,429,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,784,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,629 |
| Net Land, buildings, and equipment | $9,612,381 |
| Investments—publicly traded securities | $91,528 |
| Investments—other securities | $105,141,959 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,983,825 |
| Total assets | $128,618,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,340,776 |
| Total liabilities | $3,340,776 |
| Net assets without donor restrictions | $68,087,249 |
| Net assets with donor restrictions | $57,190,037 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $128,618,062 |
Grants Awarded
Over the last fiscal year, Children At Heart Foundation has awarded $8,066,462 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS BAPTIST CHILDREN'S HOME & FAM SVCS PURPOSE: SUPPORT FOR RELATED TAX EXEMPT ENTITIES. | $85,320 |
MIRACLE FARM INC PURPOSE: CARE FOR AT-RISK TEENAGE BOYS. | $1,021,905 |
GRACEWOOD INC PURPOSE: SUPPORT FOR SINGLE PARENT FAMILIES. | $1,105,770 |
TEXAS BAPTIST CHILDREN'S HOME INC PURPOSE: CARE AND SUPPORT FOR VULNERABLE CHILDREN AND FAMILIES. | $2,603,467 |
CHILDREN AT HEART MINISTRIES INC PURPOSE: SUPPORT FOR RELATED TAX EXEMPT ENTITIES. | $3,250,000 |